BSJL Fees and Costs — Invesco BulletShares 2021 High Yield Corporate Bond ETF
Data updated: 2022-01-31
The net expense ratio is 0.42% (0.43% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 68%.
BSJL Fees and Expenses
Annual operating expenses and sales charges of BSJL. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.43% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BSJL Costs Over Time
On $10,000 invested in BSJL, assuming 5% a year before costs, total costs come to $266 over 5 years, cutting the return by 0.44% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.42%) | $44 | $138 | $242 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $266 |
| Value after costs | $10,456 | $11,431 | $12,497 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
BSJL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.1B
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $3.8M
- Net income from securities lending: $60K (0.008% of average net assets)
BSJL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $2.3B | 56.31% |
| MORGAN STANLEY & CO. LLC | $748.5M | 18.71% |
| GOLDMAN, SACHS & CO. | $483.1M | 12.07% |
| BOFA SECURITIES, INC. | $261.5M | 6.54% |
| CITIGROUP GLOBAL MARKETS INC. | $121.5M | 3.04% |
| WELLS FARGO SECURITIES, LLC | $42.7M | 1.07% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $32.0M | 0.80% |
| MUFG SECURITIES AMERICAS INC. | $23.3M | 0.58% |
| JEFFERIES LLC | $21.1M | 0.53% |
| UBS SECURITIES LLC | $14.5M | 0.36% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.